News and Information from Bond Buyer

A federal judge has granted a 30-day extension for All Aboard Florida and the U.S. Department of Transportation to respond to lawsuits challenging a $1.75 billion private activity bond allocation to finance a private passenger train project.

Hofstra University received a one notch upgrade to A2 by Moody’s Investors Service.

Top-rated municipal bonds were slightly weaker at mid-session, according to traders, who were readying a $3.1 billion supply calendar amid a holiday shortened week. Financial markets are open for Election Day on Tuesday but closed Friday for the Veterans Day holiday.

Despite having predicted four federal funds rate hikes this year, and to date having delivered none, the Fed is not behind the curve on rates, according to a Federal Reserve Bank of San Francisco Economic Letter released Monday.

The rating on $172 million of Montana Board of Investments revenue bonds received a Moody’s Investors Service upgrade to Aa2 from Aa3.

Who won this year's Deal of the Year award for the Far West Region? The winner will be honored on Thursday, December 1 at 583 Park Avenue in Manhattan, and later that night will compete with winners in the seven other categories for the right to be named The Bond Buyer's 2016 Deal of the Year.OTHER 2016 DEAL OF THE YEAR HONOREES: NORTHEAST REGION FAR WEST REGION MIDWEST REGION SOUTHEAST REGION SOUTHWEST REGIONNON-TRADITIONAL FINANCINGHEALTHCARE FINANCING

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.420% high rate, up from 0.350% the prior week, and the six-months incurred a 0.535% high rate, up from 0.500% the week before.

The Treasury Department said Monday it will sell $65 billion of four-week discount bills Tuesday.

Colorado voters Tuesday will consider a measure to create the nation's first universal health care system.

The worst is yet to come in the SEC's enforcement of municipal disclosure efforts, and it will be very costly for the issuers who missed the boat.

In the latest installment of Muni Minute – The Bond Buyer's 60-second video series -- we focus on the bond referendums across the United States. We look at California, which has the lion's share of bonds on the ballot and at what it could mean for new issuance volume in 2017.See also Election Preview: Largest Bond Ballot Since 2006

About $70.3 billion of bond referenda are on ballots across the nation on Nov. 8, the largest total since 2006, with the lion's share coming from the state of California, a staggering $41.72 billion, according to Ipreo data.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, rose to positive 0.7 in October from negative 0.1 in September.

The Conference Board's Employment Trends Index (ETI) grew to 128.97 in October from a downwardly revised 128.29 in September, and is up 1.0% from a year ago, the group announced Monday.

Municipal bond traders are returning to work on Monday, prepared for a $3.1 billion calendar amid a holiday shortened week and the U.S. elections. Markets are open for Election Day on Tuesday but closed Friday for the Veterans Day holiday.

Who won this year's Deal of the Year award for the Northeast Region? The winner will be honored on Thursday, December 1 at 583 Park Avenue in Manhattan, and later that night will compete with winners in the seven other categories for the right to be named The Bond Buyer's 2016 Deal of the Year.OTHER 2016 DEAL OF THE YEAR HONOREES: NORTHEAST REGION FAR WEST REGION MIDWEST REGION SOUTHEAST REGION SOUTHWEST REGIONNON-TRADITIONAL FINANCINGHEALTHCARE FINANCING

Nov. 7, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 0.89 1.6 2.32 3.16 Delaware Aaa/AAA/AAA 0.69 1.12 1.69 2.52 Maine Aa2/AA/AA 0.71 1.2 1.82 2.64 Maryland Aaa/AAA/AAA 0.69 1.14 1.73 2.53 Massachusetts Aa1/AA+/AA+ 0.72 1.21 1.86 2.71 New Hampshire Aa1/AA/AA+ 0.71 1.17 1.74 2.62 New Jersey A2/A/A 1.04 1.79 2.4 3.21 New York Aa1/AA+/AA+ 0.69 1.13 1.76 2.68 Pennsylvania Aa3/AA-/AA- 0.89 1.58 2.26 3.11 Rhode Island Aa2/AA/AA 0.74 1.27 1.99 2.85 Vermont Aaa/AA+/AAA 0.69 1.14 1.72 2.54 Dist. of Columbia Aa1/AA/AA 0.72 1.24 1.9 2.77 Puerto Rico Caa3/CC/CC 45.69 16.43 11.25 8.28

11/4/2016 10/28/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 $0 4 $231,040 -$231,040 Delaware 0 0 1 8,195 -8,195 Maine 0 0 2 48,020 -48,020 Maryland 3 557,380 2 42,650 514,730 Massachusetts 1 56,150 0 0 56,150 New Hampshire 0 0 1 147,190 -147,190 New Jersey 8 198,870 5 118,755 80,115 New York 6 79,607 19 1,374,037 -1,294,430 Pennsylvania 8 236,760 13 416,525 -179,765 Rhode Island 1 40,000 1 40,000 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

INDIANA

Tuesday, November 8 Issuer St Description Amount